Wormhole, a platform fostering cross-blockchain communication, raised $225 million, hitting a $2.5 billion valuation akin to the peak of past crypto surges, backed by investors like Jump Trading, Brevan Howard, and Coinbase Ventures. With the launch of Wormhole Labs, a dedicated arm to bolster cross-chain technology, the platform diverges from its parent company, Jump Trading Group, post scaling back crypto operations.
Blockchain Messaging Platform Wormhole Raises $225M at $2.5B Valuation
